Business owner indicted on Covid stimulus fraud charge

Ethel Cain, owner of Lifeline Financial Freedom Solutions

A Bolivar County business owner has been indicted on a fraud charge.

Ethel Cain, owner of Lifeline Financial Freedom Solutions, is accused of fraudulent submission of multiple grant applications, related to the Mississippi Development Authority’s “Back to Business” grant program. The applications total more than $400,000.

State Auditor Shad White said Cain attempted to get grants on behalf of other businesses from CARES Act funds, which are administered through the MDA. Some of the applications were for the same company, and White said Cain knowingly submitted applications for ineligible companies.

Most applications were denied, but White said Cain’s business did get $38,500.

Cain faces up to 15 years in prison and $30,000 in fines if convicted.

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